Risk based decision making approach: Developed for international shipping domain by adapting from asset management in energy infrastructures

Today, shipping industry is a complex system involving multiple actors, multiple interests and intricate interactions occurring at different levels.With any disruption to interaction occurring there would be multiple impacts and accumulation of costs on individual actors operating in the system.Unless these risks are well understood and...

The Trade and Compliance Costs Model in the International Supply Chain

Trade costs for the international supply chain are enormous, even in the absence of formal border barriers. In fact, the costs involved in moving a container physically are less than half the costs of managing the information about the transport activity. Thus, the physical infrastructure in international trade is fairly efficient, but that is...

Trust Service Broker: A proposal to overcome global distrust in information infrastructures

The globalization of economy has significantly increased the role of online information exchange between transacting parties worldwide. Currently implemented trust models, such as Public Key Infrastructure, provide enough means to enable the secure exchange of data, but only within specified territories, thereby forming different trust domains...